European Semester for economic policy coordination 2024

Tabled by Manon Aubry

Added: 17b. Expresses its concern about measures taken by governments of some Member States to reduce debt-to-GDP and deficit-to-GDP ratios, even before the revised fiscal rules enter into force; takes the view that, for example, the EUR 10 billion budgetary cuts carried out by the French Government as a financial correction for 2024 are unacceptable; underlines that this correction entails, among other things, a cut of 11 000 school places in an already depleted education system and a dramatic setback for domestic thermal insulation projects, despite these being an essential element in reducing households’ energy bills and a key measure for lowering greenhouse gas emissions; is convinced that these examples epitomise the social and environmental regression that will occur, to a much greater extent, once the revised fiscal rules are in place;

Wording as published by the EP, in English. PE760.469